FedEx (NYSE:FDX) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

FedEx (NYSE:FDX) had its price objective hoisted by analysts at The Goldman Sachs Group from $280.00 to $301.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm currently has a “buy” rating on the shipping service provider’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 5.46% from the company’s previous close.

Several other research firms have also issued reports on FDX. Vertical Research lowered their price objective on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Bank of America raised their price target on FedEx from $270.00 to $285.00 and gave the stock a “neutral” rating in a research report on Thursday, November 13th. UBS Group boosted their price objective on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Sanford C. Bernstein increased their target price on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, September 22nd. Finally, Susquehanna lifted their price target on shares of FedEx from $300.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $284.29.

FedEx Stock Performance

Shares of NYSE:FDX opened at $285.42 on Thursday. The firm has a fifty day simple moving average of $256.06 and a two-hundred day simple moving average of $238.15. FedEx has a 52 week low of $194.29 and a 52 week high of $295.24. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $67.35 billion, a P/E ratio of 16.65, a PEG ratio of 1.42 and a beta of 1.32.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same period in the prior year, the company earned $3.60 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts expect that FedEx will post 19.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On FedEx

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDX. Valeo Financial Advisors LLC boosted its position in FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after purchasing an additional 2,741,723 shares during the last quarter. Norges Bank bought a new stake in FedEx during the second quarter valued at about $605,497,000. Boston Partners bought a new position in FedEx in the third quarter worth about $468,195,000. Finally, Dodge & Cox lifted its position in shares of FedEx by 12.0% during the third quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock valued at $3,826,055,000 after buying an additional 1,742,666 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.